Journey Group to de-list on AIM on 15 December

Journey Group, a provider of in-flight products and catering services to airliners, has confirmed it is to de-list from AIM on 15 December.

The cancellation will “significantly reduce the liquidity and marketability” of its shares on the London Stock Exchange.

In August, the company agreed to be taken private by Jaguar Holdings, which was formed by private investor Harwood Capital, on behalf of Harwoods Funds, and and was specifically designated for use in acquiring Journey.

On 17 November, Jaguar Holdings bought a further 1.3m shares at 10.43p each in Journey, bringing its total to over 10m shares, which represents at least 75% of the voting rights in the company.

Shares in Journey Group were down 0.71% to 237.30p at 0822 GMT.